Ola Electric Mobility gains on completing Network Transformation and Opex Reduction Program
Ola Electric Mobility is currently trading at Rs. 51.29, up by 0.38 points or 0.75% from its previous closing of Rs. 50.91 on the BSE.
The scrip opened at Rs. 50.99 and has touched a high and low of Rs. 52.58 and Rs. 50.78 respectively. So far 3265654 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.53 on 20-Aug-2024 and a 52 week low of Rs. 50.66 on 11-Mar-2025.
Last one week high and low of the scrip stood at Rs. 58.88 and Rs. 50.66 respectively. The current market cap of the company is Rs. 22654.02 crore.
The promoters holding in the company stood at 36.78%, while Institutions and Non-Institutions held 6.63% and 56.58% respectively.
Ola Electric Mobility has successfully finished implementation of its Network Transformation and Opex Reduction Program, a company-wide initiative launched in November 2024 with an aim to reduce cost and improve customer experience. This initiative has delivered a sustainable cost reduction of Rs 90 crore per month. As a result, the company expects to achieve Automotive segment EBITDA breakeven for the next quarter (Q1 FY 26), with the financial impact of these initiatives beginning to fully reflect from April 2025.
This program has encompassed distribution network transformation projects like shutting all regional warehouses and shipping vehicles, spare parts and accessories from the factory directly to stores, automating registration and other processes, and productivity improvements in the sales and service network. In addition to cost savings, these changes have resulted in reducing average vehicle inventory from approximately 35 to 20 days, and reducing delivery time for customers from 12 days to 3-4 days. These structural improvements position the company for strong long-term profitable growth.
Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Futurefactory.
